Buying your first home is an exciting milestone, but it can also be a complex process, especially if you’re unfamiliar with the ins and outs of the Australian real estate market. To help you navigate this journey successfully, we’ve compiled a list of the most
Refinancing a loan is an attractive option when interest rates drop. A refinance allows you to obtain a new loan with a lower interest rate, which can save you money on monthly payments and over the long term. However, before refinancing, it’s important to understand
Taking out a home loan in Australia can be tedious and it’s partly because there are so many options. There are grants for first home buyers, multiple loan offers from different banks, different features per home loan, and so on. You can definitely navigate this
Purchasing a home may be a difficult and daunting process, especially if it’s your first one. Understanding your options, nevertheless, may aid in toning down the stress. The two most common ways to purchase your first house are through auctions or private agreements. Before choosing
Your credit score is one of the key foundations of your loan eligibility. Get to know more about it in this article. Formerly known as Veda Advantage, Equifax is the largest credit rating agency in Australia. It provides personal and business credit reports throughout the
The decision to upsize your family home is often years in the planning and part of your long-term wealth strategy, but sometimes life can spring the change on you. The work-from-home movement has encouraged many owners to seek more significant properties to take calls in
Homeownership is a dream for many adults. But more than this, it’s a need. A roof over one’s head means security. As exciting and reassuring as that idea may be, owning a house is not easy. If you have a plan to purchase any time
Understanding the distinction between bank valuations and market valuations is essential for property buyers as it can often be confusing. There are two different types of valuations that can determine the value of a property. Aa. property investor or homebuyer, important to grasp their differences.
The Australian government is all set to make significant enhancements to the Home Guarantee Scheme, making it easier than ever for you to enter the property market and turn your dreams of owning a home into a reality. These changes, kicking in from July 2023,
A lot of people aspire to get into the property market, but obviously, it’s not easy. Otherwise, every Australian would be owning a rental home by now, given the great returns the property market offers. One thing that hinders people is, first, the problem with
What is LVR? LVR is one of the staple terms in the world of loans, banking, and brokerage. LVR simply stands for loan-to-value ratio, or sometimes, people would call it LTV. It pertains to the amount you borrow against the value of the property. This
Many aspire to break into the property market to build wealth. However, that is easier said than done. In fact, thinking that all you have to do is buy properties and wait for them to gain capital growth and collect rental income is a dangerous
After its meeting on the 3rd of May 2022, the Reserve Bank of Australia (RBA) lifted the official cash rate to 0.35%. In November 2020, the RBA set the official cash rate at a record low of 0.1%. By that time, the RBA announced that
We’ve seen the soaring prices of fuel in the past months ever since the war Russia waged on Ukraine began. Naturally, all other industries have been suffering from high production costs because of this. With the 2022 Federal Budget is set, could things be looking
If owning a house was easy, every adult in the country would be a homeowner now. However, the rising prices of properties in the market get in the way of every aspiring homeowner. Not only that, but the required deposit relative to income is also